Employment Resilience in Europe and the 2008 Economic Crisis: Insights from Micro-Level Data

Doran, Justin; Fingleton, Bernard

doi:10.1080/00343404.2015.1088642

Cited by 113 publications

(86 citation statements)

References 28 publications

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“…This studies focused on the two most recent recessions (the Asian financial crisis and the global financial crisis). Previous studies have usually used either employment or economic output (e.g., gross domestic product, GDP) data to measure economic resilience (Brakman, Garretsen, & Marrewijk, ; Doran & Fingleton, ). Employment has continually grown in China and is less affected by economic recession because of the dominant position of state‐owned enterprises who offer secure employment (Yu, ).…”

Section: Resultsmentioning

confidence: 99%

Regional economic resilience of resource‐based cities and influential factors during economic crises in China

Tan

Fang-dao

et al. 2019

Growth and Change

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Resource‐based cities (RBCs) whose economies depend primarily on exploiting and processing natural resources usually have rigid, singular, and low‐end industrial structures, which often cripples their ability to cope with external disturbances such as international resource price fluctuations and economic downturns. This paper quantitatively analyzes the economic resilience of RBCs in China in terms of resistance and recoverability during the Asian financial crisis and the global financial crisis. Furthermore, it identifies the main factors affecting resilience. There are four main findings: First, RBCs were quickly and negatively impacted by the Asian financial crisis, which suggests that economic resistance was generally low during this period. In the recovery period, while the rate of recovery was slow at the beginning, economic recoverability improved after 2002. Economic resistance and recoverability were found to have a strong negative correlation. Second, at the beginning of the global financial crisis, the economic resistance of RBCs was generally high. However, after 2012, the number of cities that were severely affected by the economic crisis increased rapidly. Third, economic resistance varied across different types of RBCs. Coal‐based and forestry‐based cities had lower economic resistance, while oil & gas‐based cities were more resistant. RBCs in the Eastern region generally had low economic resistance, while the economic resilience of recessionary cities was also low. Finally, while factors affecting the economic resilience varied across the two economic cycles, we found that economic development, labor conditions and, most of all, the industrial structure had a statistically significant negative effect on economic resilience.

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Section: Resultsmentioning

confidence: 99%

Regional economic resilience of resource‐based cities and influential factors during economic crises in China

Tan

Fang-dao

et al. 2019

Growth and Change

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“…Our study requires data on the degree of resilience of EU regions during the Great Recession. Although the number of papers on regional resilience has significantly grown in recent years, there is not an unanimous agreement about how to measure this concept and different approaches have been applied in the literature (Doran & Fingleton, ; Martin & Sunley, ). The majority of authors use univariate indices capturing changes in the level of economic activity (e.g., Crescenzi, Luca, & Milio, ; Fingleton, Garretsen, & Martin, ; Martin, ), even though there are also studies based on the information provided by composite indicators (e.g., Rizzi, Graziano, & Dallara, ; Staníčková & Melecký, ).…”

Section: Measuring Regional Resilience and Quality Of Governmentmentioning

confidence: 99%

Quality of government and regional resilience in the European Union. Evidence from the Great Recession

Ezcurra

Ríos

2019

Papers in Regional Science

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This paper examines the relationship between quality of government and regional resilience in the European Union during the Great Recession. The results show that the quality of government is an important factor when shaping the regional reaction to the crisis. Our estimates reveal that higher quality of government is associated with greater regional resilience over the Great Recession. This is partly due to the role played in this context by spatial spillovers induced by the quality of government in neighbouring regions. The observed link between governance and regional resilience is robust to the inclusion in the analysis of different explanatory variables that may affect both government quality and regional resilience. Likewise, our findings do not depend on the specific dimension of governance considered, the estimation method or the econometric specification employed to capture the nature of spatial spillovers.

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“…Previous studies usually use either employment or economic output (e.g., gross domestic product, GDP) data to measure economic resilience [13,22]. Employment has continually grown in China and is less affected by economic recession because of the dominate position of state-owned enterprises who offer secure employment [34].…”

Section: Major Recessionary Shocksmentioning

confidence: 99%

Regional Economic Resilience: Resistance and Recoverability of Resource-Based Cities during Economic Crises in Northeast China

Tan

Fang-dao

et al. 2017

Sustainability

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This paper quantitatively analyzes the economic resilience of resource-based cities (RBCs) in Northeast China in terms of resistance and recoverability during two economic crises: the Asian financial crisis and the global financial crisis. Moreover, it analyzes the main factors that affected regional resilience. There are three main findings. First, the RBCs in general demonstrated poor resistance during both recessions, but there were variations among the different types of RBCs. Petroleum and metal cities demonstrated the most resistance, whereas coal cities performed the worst. Second, the influential factors affecting economic resilience varied across the two economic cycles, but location advantage, research and development (R and D) intensity, foreign trade dependence ratio, and supporting policies had positive effects on resilience during both economic cycles, while the proportion of employed persons in resource industries had a negative effect. Industrial diversity had a weak and ambiguous effect on resilience. Third, the secondary industry was more resilient during the Asian financial crisis, but the tertiary industry was more resilient during the global financial crisis. This shift may be attributed to both the nature of the crises and the strength of the sectors at the time of the crises.

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Employment Resilience in Europe and the 2008 Economic Crisis: Insights from Micro-Level Data

Abstract: Indices Resilience and recovery indices measure the initial impact of a crisis and subsequent recovery.

Cited by 113 publications

References 28 publications

Regional economic resilience of resource‐based cities and influential factors during economic crises in China

Regional economic resilience of resource‐based cities and influential factors during economic crises in China

Quality of government and regional resilience in the European Union. Evidence from the Great Recession

Regional Economic Resilience: Resistance and Recoverability of Resource-Based Cities during Economic Crises in Northeast China

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